United States Commodity Index Funds Trust filed its Form 10-Q with the SEC on November 9, 2026, covering the quarterly period ended September 30, 2026, for its two series: United States Commodity Index Fund (NYSE Arca:USCI) and United States Copper Index Fund (NYSE Arca:CPER).

Key Highlights

  • USCI net asset value per share rose to $109.46 at September 30, 2026, from $77.48 at December 31, 2025, according to the filing.
  • CPER net asset value per share increased to $39.74 at September 30, 2026, from $34.84 at December 31, 2025, as reported.
  • Combined trust total assets reached $1,131,016,254 at September 30, 2026, up from $761,114,365 at December 31, 2025.
  • USCI shares outstanding stood at 3,800,000 at September 30, 2026, compared with 3,600,000 at December 31, 2025.
  • CPER shares outstanding stood at 17,950,000 at September 30, 2026, compared with 13,100,000 at December 31, 2025.
  • Combined unrealized gain on open commodity futures contracts was $30,003,770 at September 30, 2026, versus $49,637,687 at December 31, 2025.
  • Short-term U.S. Treasury Obligations held at the trust level totaled $489,799,976 at fair value at September 30, 2026, compared with $0 at December 31, 2025.

Financial Condition of USCI and CPER at September 30, 2026

According to the filing, United States Commodity Index Fund (NYSE Arca:USCI) reported total assets of $416,418,405 at September 30, 2026, up from $279,442,559 at December 31, 2025. Total capital attributable to shareholders was $415,950,520, compared with $278,945,743 at year-end 2025. USCI held $152,067,941 in short-term U.S. Treasury Obligations at fair value and $228,324,647 in cash and cash equivalents as of the period end. The fund reported unrealized gain on open commodity futures contracts of $18,820,020, reversing an unrealized loss of $2,609,785 at December 31, 2025. The market value per share was $109.42 at September 30, 2026, versus $77.61 at December 31, 2025.

United States Copper Index Fund (NYSE Arca:CPER) reported total assets of $714,597,849 at September 30, 2026, rising from $481,671,806 at December 31, 2025, the filing disclosed. Shareholders' capital increased to $713,385,559 from $456,411,715. CPER held $337,732,035 in short-term U.S. Treasury Obligations at fair value, a line that carried a zero balance at year-end 2025. Unrealized gain on open commodity futures contracts was $11,183,750, compared with $52,247,472 at December 31, 2025. The market value per share was $39.78 at September 30, 2026, against $34.96 at December 31, 2025. Total liabilities for CPER declined to $1,212,290 from $25,260,091, with the payable due to broker falling to $448,828 from $24,709,925.

At the combined trust level, the filing reported total shareholders' capital of $1,129,336,079, up from $735,357,458 at December 31, 2025. Total trust shares outstanding were 21,750,000 at September 30, 2026, compared with 16,700,000 at year-end 2025. As of November 3, 2026, the filing noted outstanding shares of 3,900,000 for USCI and 16,900,000 for CPER, for a combined total of 20,800,000. The registrant is classified as an accelerated filer.

What Was Disclosed

The filing presents unaudited financial statements for the quarterly period ended September 30, 2026, covering both USCI and CPER series. It details each fund's assets, liabilities, capital, shares outstanding, and per-share values, alongside combined trust-level figures.